GTCR, Manish Singh Partner to Form Maris Investments
GTCR, a private equity firm, announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC (Maris). Maris will seek to acquire companies in the maritime technology sector to build a market-leading platform addressing critical workflows and enabling digital transformation in the industry.The formation of Maris is supported by GTCR’s Leaders Strategy approach…
Watson Farley & Williams Advises MPCC on Container Ship Sale
Watson Farley & Williams (WFW) advised shipping company MPC Container Ships ASA (MPCC) on its sale of seven container ships for a transaction value of US$94 million. The disposal is part of MPCC's strategic development and the targeted restructuring of its fleet.MPCC has agreed to sell five ships en bloc to Contships Group, comprising three 1,300 TEU ships and two 2,000 TEU ships. In addition, two…
Meyer Turku Invests in Sustainable Shipbuilding with Energy Efficient Heating
Meyer Turku continues to push the boundaries of sustainable shipbuilding with the adoption of central heating for ships under construction. Traditionally, oil-burning stoves have been used for heating during colder months, but with the introduction of a water-based central heating system, reductions in emissions and costs have been achieved.The transition to central heating was first explored in late 2023…
MJR Power & Automation Secures Contract With Stena Line
MJR Power & Automation, a leading UK-based marine electrical engineering specialist, has been awarded a contract by Stena Line to upgrade the Power Management Systems (PMS) on board the Stena Scotia and Stena Hibernia vessels.The contract includes the design, engineering, supply, and commissioning of power management systems that will enhance the operational efficiency, reliability, and sustainability…
Sanmar Shipyards Delivers Tug to Buksér og Berging
Sanmar Shipyards has delivered an environmentally responsible tugboat to Buksérog Berging.Based on the RAmparts 2400SX-MKII design, exclusively developed in collaboration with Canadian naval architects Robert Allan Ltd., the vessel was originally constructed as Boğaçay LXV and has been renamed BOSS by her new owners. Designed for maneuverability, operational efficiency, and all-weather reliability…
Four Missing as Singapore Cargo Ship Catches Fire off India’s Kerala Coast
A fire onboard the Singapore-registered container ship Wan Hai 503 has erupted earlier on Monday off India’s Kerala coast, the Maritime and Port Authority of Singapore (MPA) reported, injuring several crew members and leaving four unaccounted for as Indian Coast Guard and Navy launch search and rescue operations.The incident occurred on June 9, 2025 at about 12.30 hrs Singapore time, at the vessel managed by Wan Hai Lines (Singapore) Pte Ltd.There were 22 crew members onboard.
Video: ATBs Unlock Stranded Iron Ore Down Under
Australia’s unique enclosed self-discharging transhippers ensure a dust-free supply chain for the Onslow Iron project.Onslow in north Western Australia is a desert. It receives less than 10 inches of rain a year, and for much of the year temperatures reach 95 degrees Fahrenheit. It’s known for dust storms that can turn the town red.It’s iron ore country, but the lack of a deepwater port meant that…
Maritime Batteries 101: What to Consider When 'Going Green'
In the current pathway, global shipping greenhouse gas (GHG) emissions are forecast to rise in this decade and eventually return to 2010 levels by ~2050.The chart represents the three scenarios for shipping emissions developed by the International Energy Agency (the IEA) and adds in the IMO Strategy targets for emissions reduction. The IEA’s aspirational case (i.e. what governments and companies aspire…
Norwegian Shipping Firm Expands Berg Propulsion Package Order
Skarv Shipping Solutions, a joint venture between Peak Group and Grieg Edge, has increased its order for ‘zero carbon project carriers’ from Shandong Huanghai Shipbuilding to five ships, extending its commitment to a Berg Propulsion package that optimizes vessel efficiency regardless of power source.Skarv specified inline ammonia-ready engines for the initial four 7,000 dwt ships, with the first ship due delivery in the fourth quarter of 2025, followed by three more through 2026.
Putin Prioritizes Russian Navy Rebuild
Russian President Vladimir Putin has approved a new naval strategy which aims to fully restore Russia's position as one of the world's leading maritime powers, Kremlin aide Nikolai Patrushev said in an interview published on Monday.Russia has the world's third most powerful navy after China and the United States, according to most public rankings, though the navy has suffered a series of high-profile losses in the Ukraine war.Patrushev…
Crew Member Dies in Accident on Tidewater’s Polaris PSV
A fatal incident has occurred aboard one of the vessels of Tidewater, a subcontractor of Equinor, resulting in the death of a crew member.The incident took place on Polaris platform supply vessel (PSV) on June 2, 2025, while the vessel was on the Atlantic Ocean engaged in normal operations. Emergency response procedures were immediately initiated, and despite the efforts of the crew and emergency response agencies…
Eni, YPF Sign Deal for Argentina LNG Project
Eni and Argentina's energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project.The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production, treatment, transportation and liquefaction installations of gas through floating units, for a total capacity of 12 million tons of LNG per year.Argentina LNG is a large-scale integrated…
Monsoon Season and Tariffs Impacting Ship Recycling
While the lingering tariffs on steel imports into the U.S. hang in the balance, steel plate prices across the Indian sub-continent continued to display volatility, reports cash buyer GMS.“While charter rates in the dry segments certainly impressed, a recent influx of large(r) LDT wet tonnage (four LNGs) and even a VLOC that was recently sold for recycling certainly captured the attention of the ship recycling fraternity…
Israeli Forces Board Aid Boat Bound for Gaza
Israeli forces have taken command of a charity vessel that had tried to break a naval blockade of the Gaza Strip and the boat with its crew of 12 including activist Greta Thunberg is now heading to a port in Israel, officials said on Sunday.The British-flagged yacht Madleen, which is operated by the pro-Palestinian Freedom Flotilla Coalition (FFC), was aiming to deliver a symbolic amount of aid to Gaza later on Monday and raise international awareness of the humanitarian crisis there.However…
ABS Approves Ammonia Cracking Technology
ABS issued approval in principle (AiP) to Pherousa Shipping for its ammonia cracking technology onboard ships, featuring proton exchange membrane fuel cells and fuel gas supply system (FGSS) for fully electric propulsion.The emissions-free propulsion system is targeted for application on Pherousa’s Ultramax 64,000 dwt bulk carrier to transport copper, a key material in solar panels and electric cars…
Deferred Maintenance Implicated in Container Ship Loss of Control
Control was lost of the container ship Shiling in Wellington Harbour, New Zealand, on April 15, 2023, and New Zealand’s Transport Accident Investigation Commission (TAIC) has released its investigation report stating: Deferred maintenance is a risk in itself.It’s virtually certain the container ship Shiling was unseaworthy when in NZ, despite holding valid certificates.The Shiling was turning into the Wellington Harbour entrance channel when the main engine stopped.
Sea.AI Technology Supports European Initiative to Protect Whales
In the continuing effort to protect whales from deadly ship strikes, Sea.AI is collaborating with the Irish Whale and Dolphin Group (IWDG) and the University of La Laguna (ULL) to support efforts under the European Union’s ATLANTIC WHALE DEAL project.Whales face increasing threats from ship collisions in busy maritime routes. The ATLANTIC WHALE DEAL brings together scientists, conservationists and…
Taiwan Drills Prepare for China's 'Gray Zone' Threat
Taiwan's coast guard held drills with the military on Sunday to better practice joint operations in the face of what the government in Taipei says is a growing "grey zone" threat from China, which claims the island as its own territory.Democratically governed Taiwan has repeatedly complained about activities such as undersea cable cutting and sand dredging by China around the island, designed to pressure…
UK's Prince William Calls for Urgent Action to Protect Oceans
Britain's Prince William on Sunday called on world leaders and businesses to take urgent action to protect the planet's oceans, saying it was a challenge "like none we have faced before."Speaking ahead of the U.N. Ocean Conference, which begins in France on Monday, William said rising sea temperatures, plastic pollution and overfishing were putting pressure on fragile ecosystems and the people who depend on them."What once seemed an abundant resource is diminishing before our eyes…
Victor Offers Free Safety Audits to Qualifying Industrial Companies
Victor, an ESAB brand, now offers qualifying industrial companies a free safety audit of their gas flow control systems and oxyfuel cutting and heating operations. An audit entails an end-to-end review of gas flow, starting where the gas comes into a facility and going all the way to the flame. During an audit, a Victor expert will look for gas leaks, review hose and gas line sizing, check equipment (selection, installation, condition and performance) and evaluate operator skills and knowledge.
